Posts Tagged daytrading
The short entry was a good one.. however, in light of the strong uptrend I wanted to get out as soon as it hit any resistance and I got out at the round number 11600. The stochastics were also way into oversold territory so I got out and grabbed a measly 10 points.
The market however, fell further and is currently at 11583... trust my luck!! The hardest thing I think about trading is knowing when to get out.. I think it's much more difficult than entering.
The other day, I gave up over 1
August 22, 2008
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Last night I saw an opportunity to short the GBPJPY currency pair and I entered at 205.20 with a 200 point target and a 100 point stop order. In the back of my mind, I know that I need to leave these trades running, there have been many occasions where I have closed for 100 to find that the market has moved 500 my way or more! Anyway, I set this trade in motion and went to bed...
I woke up to find that the market had moved and throughout the day, went lower... the lowest was 204.00 which was
August 19, 2008
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Unfortunately my trading goes from bad to worse.. I feel quite demoralised and I am not even looking at the charts properly and analysing before putting on trades. I just turn on the charting platform and put on the trades and lose. In fact, if I did the complete opposite to what I am currently doing I probably could do well!!! Right now, when I buy, the markets go down, when I sell, they go up! It seems that the markets know exactly what I want to do and just to the opposite to cause as much pa
August 13, 2008
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